TraderMentality

AAPL falling wedge? Or channel down?

NASDAQ:AAPL   APPLE INC
6 months ago
$AAPL             daily shows a channel down (validated by mid-line support at several points). However, after the completion of the H&S , a falling wedge is taking shape, with the former neckline of the H&S now acting as resistance (red). Should the wedge break to the upside and fill the gap, look for a target near 110. The last two months has also formed what could potentially be an ascending triangle (shown in green) as range for the falling wedge tightens.
5 months ago
Comment: Gap filled. Now testing that upper channel extreme.
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